New Delhi, Nov 20 (IANS) The National Highway Authority of India (NHAI) is in the process of establishing Raajmarg Infra Investment Trust (RIIT) as a Public InvIT (Investment Trust) to strengthen road asset monetisation and expand investment opportunities in the development of National Highway infrastructure, the Ministry of Road and Highways said on Thursday.

As part of this initiative, NHAI has incorporated Raajmarg Infra Investment Managers Private Limited (RIIMPL) as the Investment Manager for the proposed InvIT.

RIIMPL is a collaborative venture with equity participation from leading banks and financial institutions, including State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures Ltd, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, and Yes Bank, the m

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